UPDATE 1-SAF-Holland falls on debut despite lowered price

Newswire

(Adds details, updates share price)
FRANKFURT, July 26 (Reuters) - Shares in German truck parts supplier SAF-Holland fell almost 4 percent below the issue price on their market debut on Thursday, even though the company lowered the price range to attract more demand.
SAF-Holland shares fell to 18.25 euros, 3.9 percent below the issue price of 19 euros at 1337 GMT.
"SAF-Holland shows that investors are not prepared anymore to pay excessive prices," said Niklas Breckling, a trader at DKM ...

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